Air Products & Chemicals Inc
Exchange: NYSESector: Basic MaterialsIndustry: Specialty Chemicals
Air Products is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally. Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries.
Did you know?
A large-cap company with a $65.3B market cap.
Current Price
$293.55
+1.42%Profile
Valuation (TTM)
Market Cap$65.34B
P/E-195.81
EV$79.14B
P/B4.35
Shares Out222.59M
P/Sales5.35
Revenue$12.21B
EV/EBITDA59.55
Air Products & Chemicals Inc (APD) Stock Analysis
GoodMoat Analysis
Air Products & Chemicals is a leading industrial gas company, but its current financial profile presents significant challenges for a value investor. The company shows a negative P/E, negative free cash flow, and a high debt load, which collectively fail the initial Moat & Quality Gate of the investment framework. This suggests the stock is not a candidate for further valuation analysis at this time.
Read full analysis
Air Products & Chemicals (APD) is a major player in the industrial gases and chemicals sector, providing essential products like hydrogen, helium, and nitrogen to a wide range of industries. From a value investing perspective, the company's current financial metrics are deeply concerning and prevent a standard moat analysis from proceeding. According to the GoodMoat framework, a business must first pass the Moat & Quality Gate (Step 1 of the Decision Framework), which requires a Moat Score of at least 5 and predominantly 'Strong' quality ratings. The provided data shows a negative P/E of -193.5, a negative FCF yield of -5.8%, a negative profit margin of -2.7%, and a debt-to-equity ratio of 1.22. These figures would likely result in multiple 'Weak' ratings in the Quality Indicators section, particularly for GAAP Profitability, Free Cash Flow, and Balance Sheet strength. Without passing this initial gate, the framework advises against proceeding to valuation assessment. While the company may possess operational strengths like long-term contracts and scale in its industry, the severe deterioration in core profitability and cash generation metrics, as evidenced by the negative EPS of -$1.77 and ROE of -2.2%, overshadows any potential moat. For a value investor, this profile indicates a business under significant financial stress that does not meet the foundational criteria for a high-quality investment at this juncture. Analysis based on data as of 2024-05-15.
Market Cap$65.34B
Current Price$293.55
P/E Ratio-195.81
Forward P/E—
PEG Ratio-20.09
EPS$-1.77
Book Value$67.50
P/B Ratio4.35
APD Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 16.5B
Revenue
8.9B
FY19
8.9B
FY20
10.3B
FY21
12.7B
FY22
12.6B
FY23
12.1B
FY24
12.0B
FY25
Net Income
1.8B
FY19
1.9B
FY20
2.1B
FY21
2.3B
FY22
2.3B
FY23
3.8B
FY24
—
FY25
APD 52-Week Range
$227.70
$293.55
50-Day MA: $278.28200-Day MA: $269.54
Did you know?
Pays a 2.42% dividend yield.
Air Products & Chemicals Inc (APD) Financial Summary
Air Products & Chemicals Inc (APD) is a Basic Materials company in the Specialty Chemicals industry, listed on NYSE. The stock currently trades at $293.55 with a market capitalization of $65.34B.
Key valuation metrics include a P/E ratio of -195.81, price-to-book ratio of 4.35, and EPS of $-1.77. The company reports a profit margin of -2.7% and return on equity of -2.2%.
APD Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $65.34B |
| P/E Ratio | -195.81 |
| EPS | $-1.77 |
| P/B Ratio | 4.35 |
| P/S Ratio | 5.35 |
| EV/EBITDA | 59.55 |
| Dividend Yield | 2.42% |
| Profit Margin | -2.7% |
| Return on Equity | -2.2% |
| Debt/Equity | 1.22 |
APD Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $8.92B | $1.76B |
| FY20 | $8.86B | $1.89B |
| FY21 | $10.32B | $2.10B |
| FY22 | $12.70B | $2.26B |
| FY23 | $12.60B | $2.30B |
| FY24 | $12.10B | $3.83B |
| FY25 | $12.04B | $-394.50M |
APD Quality Indicators
Air Products & Chemicals Inc maintains a profit margin of -2.7% and an operating margin of -7.8%. Return on equity stands at -2.2%. The current ratio is 1.38. Debt-to-equity ratio is 1.22.
About Air Products & Chemicals Inc
Air Products is a world-leading industrial gases company in operation for over 85 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, medical and food. As the leading global supplier of hydrogen, Air Products also develops, engineers, builds, owns and operates some of the world's largest clean hydrogen projects, supporting the transition to low- and zero-carbon energy in the industrial and heavy-duty transportation sectors. Through its sale of equipment businesses, the Company also provides turbomachinery, membrane systems and cryogenic containers globally. Air Products had fiscal 2025 sales of $12 billion from operations in approximately 50 countries.
APD Free Cash Flow
Air Products & Chemicals Inc generated $-3.77B in trailing twelve-month free cash flow, representing an FCF yield of -5.76%. This low FCF yield may reflect heavy reinvestment or growth spending.
APD Shares Outstanding
Air Products & Chemicals Inc has 0.22 billion shares outstanding at a share price of $293.55, giving it a market capitalization of $65.34B.
APD Recent Insider Trades
Recent insider transactions at Air Products & Chemicals Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Unknown | SELL | 70,175 | $19.94M |